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IG: FDIC human capital challenges affecting exams
The FDIC Office of the Inspector General said strategic human capital management is the FDIC’s top challenge and is affecting the agency’s ability to conduct exams.
FDIC committee on misconduct encourages outreach
More than 350 people have contacted the law firm conducting an independent review of the FDIC’s workplace culture, according to the FDIC board’s special committee overseeing the review.
Community bank net income rises in Q3
Community bank net income rose 6.7% in the third quarter on higher net interest income and was up 3.9% from a year ago, according to the FDIC’s latest Quarterly Banking Profile.
Comments on FDIC brokered deposit rule due today
ICBA is encouraging community bankers to use its guide to submit unique comment letters on the FDIC’s notice of proposed rulemaking on brokered deposit restrictions ahead of today’s deadline.
FDIC board to discuss budget, AML, bank capital
The FDIC announced that its board of directors is scheduled to meet at 10 a.m. (Eastern time) Tuesday, Dec. 17.
FDIC updates Q&As on official signage
The FDIC updated questions and answers related to its final rule governing the usage of official FDIC signs, advertising, name, logo, and more.
ICBA urging community bankers to comment on FDIC brokered deposit rule
ICBA published a guide to help community bankers submit unique comment letters on the FDIC’s notice of proposed rulemaking on brokered deposit restrictions.
FDIC to unveil online tool to promote creation of minority banks
The FDIC announced that today it will introduce an online tool to help financial institutions, investors, and other interested groups to identify neighborhoods that could benefit from banking...
ICBA urging community bankers to comment on FDIC brokered deposit rule
ICBA published a grassroots guide to help community bankers submit unique comment letters on the FDIC’s notice of proposed rulemaking on brokered deposit restrictions.
FDIC: Unbanked households at record low
Only 4.2% of U.S. households were unbanked in 2023, according to the FDIC’s latest biennial survey of Unbanked and Underbanked Households, the lowest national unbanked rate since the survey began...
Support for FDIC Special Assessment Exemplifies ICBA’s One Mission: Community Banks
We urged the FDIC to finalize the rule as proposed and applauded the agency for using an assessment base that will result in no special assessments for any community bank with less than $5 billion...
FDIC says Deposit Insurance Fund restoration ahead of schedule
The FDIC said it projects that the Deposit Insurance Fund reserve ratio remains on track to reach the statutory minimum of 1.35% ahead of the statutory deadline of Sept. 30, 2028.
Double Victory on Brokered Deposits
Double Victory on Brokered Deposits The FDIC’s comprehensive review of the regulatory approach to brokered deposits and interest rate caps for banks that are less than well capitalized carries with...
Banking and Consumer Groups Urge Congress to Close Statutory Loophole in Response to FDIC Final Rule on ILCs
Banking and Consumer Groups Urge Congress to Close Statutory Loophole in Response to FDIC Final Rule on ILCs Today, the Bank Policy Institute, Center for Responsible Lending and the Independent...
ICBA: GMAC Collapse Shows Risk of GM Bank Application
ICBA: GMAC Collapse Shows Risk of GM Bank Application ICBA today called on the FDIC to reject GM Financial Bank's deposit insurance application as an industrial loan company, which would allow the...
FDIC study: Community banks critical to key economic areas
FDIC study: Community banks critical to key economic areas The FDIC issued a new study that found community banks serve a critical role in providing access to credit in several key areas of the...
FDIC names new community bank committee members
FDIC names new community bank committee members ICBA congratulates the new members of the FDIC Advisory Committee on Community Banking, which provides advice and recommendations to the agency. ICBA...
Hill says FDIC should distinguish blockchain from crypto
FDIC Chair Travis Hill said his agency should update its guidelines on digital assets to open the door to bank use of blockchain technology.
FDIC proposes updated guidance on bank mergers
The FDIC proposed revisions to its statement of policy, or SOP, on bank merger transactions incorporating ICBA-advocated provisions.
FTC finalizes rule barring noncompete agreements
The Federal Trade Commission issued an ICBA-opposed final rule prohibiting companies from enforcing noncompete agreements.
ICBA applauds priorities of FDIC’s Hill
ICBA congratulated Travis Hill on his appointment as acting chairman of the FDIC and said it looks forward to future collaboration on his stated objectives for the agency.
FDIC board meeting on Change in Bank Control Act
The FDIC board of directors is scheduled to meet tomorrow morning to discuss proposals related to the Change in Bank Control Act of 1978.
ICBA urges community bankers to comment on FDIC brokered deposit rule
ICBA published a guide to help community bankers submit unique comment letters on the FDIC’s notice of proposed rulemaking on brokered deposit restrictions ahead of next week’s deadline.
ICBA calls on FDIC to withdraw brokered deposit proposal
ICBA urged the FDIC to withdraw its proposed rulemaking on brokered deposits to avoid harming community banks.
Comments on FDIC brokered deposit rule due next week
ICBA published a guide to help community bankers submit unique comment letters on the FDIC’s notice of proposed rulemaking on brokered deposit restrictions ahead of next week’s deadline.
FDIC extends comment period for custodial deposit proposal
The FDIC extended to Jan. 16 the comment period for its proposed rule on recordkeeping requirements for custodial accounts.
FDIC’s Gruenberg to retire in January
FDIC Chairman Martin Gruenberg told colleagues he will retire on Jan. 19, according to media reports of his message to agency staff.
ICBA Commends FDIC for Rescinding Proposed Rules on Brokered Deposits, Corporate Governance, Incentive-Based Compensation
The Independent Community Bankers of America (ICBA) today commended the Federal Deposit Insurance Corp. board of directors for withdrawing three ICBA-opposed proposed rules that would harm...
FDIC delays compliance date for certain provisions of sign and advertising rule
The FDIC delayed the compliance date of certain provisions under its Sign and Advertising Rule
ICBA opposes GM’s ILC application
ICBA said General Motors Financial Bank’s application for FDIC insurance threatens the Deposit Insurance Fund and doesn’t serve the convenience and needs of the community.
FDIC updates rates and rate caps
The FDIC’s national rates and rate caps for savings accounts, interest checking accounts, money market accounts, and CDs have been updated and are available on the FDIC website.
McKernan leaving FDIC
FDIC Director Jonathan McKernan announced he was stepping aside from the FDIC board of directors.
ICBA opposes approval of new industrial loan company
Following the FDIC’s approval of the formation of Thrivent Bank, a new industrial loan company based in Utah, ICBA reiterated its strong opposition to the ILC loophole.
CSBS: More transparent bank merger policy proposal needed
The Conference of State Bank Supervisors said the FDIC’s proposed bank merger policy would create more challenges than benefits for the banking industry, especially for community banks.
FDIC compares bank impact of different inflationary periods
The recent inflationary period has had a different impact on banks than did the periods of stagflation during the 1970s, the FDIC said in a new report.
ICBA urging letters on corporate governance proposal
ICBA is calling on community bankers to send letters to the FDIC opposing proposed guidelines to establish new corporate governance and risk management standards.
FDIC issues third-party report on misconduct at the agency
The FDIC released a report from an independent third-party review of allegations of sexual harassment and other misconduct at the agency, management’s response, and the FDIC’s workplace culture.
FDIC’s Gruenberg says he’ll step down once successor confirmed
FDIC Chairman Martin Gruenberg said he is prepared to step down from his responsibilities at the agency once a successor is confirmed.
Tennessee enacts law barring credit union bank acquisitions
Tennessee Governor Bill Lee recently signed state legislation clarifying that the state’s banks may only be acquired by FDIC-insured institutions.
Hearing targets FDIC following report on misconduct
FDIC Chairman Martin Gruenberg accepted responsibility for reports of misconduct at his agency during a House Financial Services Committee hearing on regulatory oversight.